NOT LISTED FOR SALE

2108 W Heatherbrae Dr Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $288,817 - $1,054,000

Studio
-- Bath
2,745 Sq Ft
$228/Sq Ft Est. Value

Last Sold January 11, 2016

Last sale price $133,500 $49 Per Sq Ft

Est. 369% increase in value since last sale

Current estimated payment $3,395/month

207 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of January 2016

Unbelievable new build TRIPLEX opportunity ! The two buildings (2108 and 2114) are only being sold together. A 2014 fire caused the building at 2114 to be completely rebuilt. Nearly everything is new and now occupied! 2114 has also had 2 of the 3 units almost completely renovated in 2014 as well! All construction was complete in early June 2015 with contractor warranties in place! Each unit is a large (850 sq ft) 2 bedroom 1 bath with a large living room. The two buildings share a courtyard and have a coin operated laundry owned by the landlord (additional income for you)!! Drive by only until contract acceptance. Please do not disturb the tenants. Rents are low for area especially considering the condition.

Last Agent to Sell the Property

David Fisher

HomeSmart License #BR515477000 Listed on: 05/09/2015

HomeSmart

Last Buyer's Agent

Kevin Le

DeLex Realty License #SA554366000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,268

Year Built

  • Built in 1963

Lot Details

  • 8,494

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Westwood Primary Elementary School
  • R E Simpson Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 15
  • Assessor Parcel Number 154-29-034

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8486
  • Puccinelli Place Subdivision

Building Details

  • Operating Expense $3,988
  • Gross Income $25,080
  • Net Operating Income $19,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,268

Year Built

Built in 1963

Lot Details

8,494 Sq Ft Lot

Listing Details

  • Cross Street: Indian School and 23rd Avenue
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: PUCCINELLI PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 1620.0

Schools

  • Elementary School: Westwood Primary School
  • High School: Central High School
  • Middle Or Junior School: R E Simpson School

Lot Info

  • Lot Size: 8486
  • Additional Parcels: No
  • Parcel #: 154-29-034

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 3
  • Annual Gross Income: 25080.0
  • Insurance Expense: 600.0
  • Property Net Operating Income: 19540.0
  • Annual Operating Expense: 3988.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1268.0
  • Tax Book Number: 154.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2015
Closed on
Dec 14, 2015
Sold by
Ahmad Alia Mahmood
Bought by
Ahmad Touseef
Seller's Agent
David Fisher
HomeSmart
Buyer's Agent
Kevin Le
DeLex Realty
List Price
$149,900
Sold Price
$133,500
Premium/Discount to List
-$16,400
-10.94%
Current Estimated Value
$625,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,954
Avg. Annual Appreciation
16.36%
Original Mortgage
$100,125
Outstanding Balance
$79,314
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$546,140

Purchase Details

Closed on
Sep 8, 2010
Sold by
Hollands Robert J
Bought by
Bz Investments Llc

Purchase Details

Closed on
Jun 28, 2010
Sold by
Hollands Helen
Bought by
Hollands Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,250
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2010
Sold by
Crg Investments Llc
Bought by
Hollands Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,250
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2010
Sold by
Brandory Investments Llc
Bought by
Crg Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,250
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2008
Sold by
Heatherbrae Properties Llc
Bought by
Slone Arntbause Gary and Mora Lilia

Purchase Details

Closed on
Mar 19, 2008
Sold by
Hartman Ryan E
Bought by
Heatherbrae Properties Llc

Purchase Details

Closed on
Jul 12, 2007
Sold by
Hartman Kristin
Bought by
Hartman Ryan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2007
Sold by
Foresight Property Investments Llc
Bought by
Hartman Ryan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2007
Sold by
Foresight Investment Group Llc
Bought by
Foresight Property Investments Llc

Purchase Details

Closed on
Nov 28, 2006
Sold by
Nbi Llc
Bought by
Foresight Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2006
Sold by
Nbi Llc
Bought by
Foresight Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2006
Sold by
Archer Mark
Bought by
Nbi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2005
Sold by
Coury James J and Coury Susan H
Bought by
The T Bar C Land & Camel Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,930
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2005
Sold by
The T Bar C Land & Camel Co Llc
Bought by
Archer Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,930
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2002
Sold by
Wilson Jerry
Bought by
Coury James J and Coury Susan H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 1996
Sold by
Fine Steven J and Fine Victoria B
Bought by
Wilson Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
11.49%

Purchase Details

Closed on
Jan 5, 1995
Sold by
Tpi Land Development Iii Ltd Partnership
Bought by
Fine Steven J and Fine Victoria B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,078
Interest Rate
9.16%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ahmad Touseef -- American Title Svc Agency Ll
Ahmad Touseef $133,500 American Title Svc Agency Ll
Bz Investments Llc -- None Available
Hollands Robert J -- Security Title Agency
Hollands Robert J $83,000 Security Title Agency
Crg Investments Llc -- None Available
Brandory Investments Llc $113,272 None Available
Slone Arntbause Gary $217,500 Capital Title Agency Inc
Heatherbrae Properties Llc -- None Available
Hartman Ryan E -- Security Title Agency Inc
Hartman Ryan E $180,000 Security Title Agency Inc
Foresight Property Investments Llc -- None Available
Foresight Investment Group Llc -- None Available
Foresight Investment Group Llc -- None Available
Nbi Llc $203,000 None Available
The T Bar C Land & Camel Co Llc -- Capital Title Agency Inc
Archer Mark $249,900 Capital Title Agency Inc
Coury James J $123,000 Lawyers Title Of Arizona Inc
Wilson Jerry -- Nations Title Insurance
Fine Steven J $50,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmad Touseef $100,125
Previous Owner Hollands Robert J $62,250
Previous Owner Hartman Ryan E $144,000
Previous Owner Hartman Ryan E $144,000
Previous Owner Foresight Investment Group Llc $200,000
Previous Owner Archer Mark $174,930
Previous Owner Coury James J $98,400
Previous Owner Wilson Jerry $59,500
Previous Owner Fine Steven J $44,078
Closed Coury James J $24,600
Closed Archer Mark $74,970
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2016 01/11/16 Sold $133,500 -10.9% $49 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
05/08/2015 05/08/15 For Sale $149,900 -- $55 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,695 $10,724 -- --
2024 $1,548 $10,213 -- --
2023 $1,548 $36,570 $7,310 $29,260
2022 $1,524 $27,630 $5,520 $22,110
2021 $1,538 $23,930 $4,780 $19,150
2020 $1,479 $20,810 $4,160 $16,650
2019 $1,461 $17,650 $3,530 $14,120
2018 $1,348 $15,170 $3,030 $12,140
2017 $1,331 $13,580 $2,710 $10,870
2016 $1,275 $11,660 $2,330 $9,330
2015 $1,207 $9,910 $1,980 $7,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5277759

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-034

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